Skyline Champion (SKY): Earnings Preview
Revenue Growth Anticipated
Modular home manufacturer Skyline Champion (NYSE:SKY) is expected to report earnings tomorrow afternoon. Analysts forecast a 5.5% year-over-year revenue increase to $590.4 million, reversing a previous 3.9% decline in the same quarter last year. Adjusted earnings per share are projected at $0.81.
Analysts' Estimates
Analysts covering SKY have generally maintained their estimates in the past 30 days, indicating expectations of continued stability. However, SKY has missed revenue expectations twice in the past two years.
Peer Performance
Peers in the homebuilders segment, such as NVR and KB Home, have already reported their Q4 results. NVR exceeded analysts' estimates with a 17% revenue growth, while KB Home aligned with consensus at 19.5% growth. NVR experienced a 4.8% decline, and KB Home rose 4.9% following their announcements.
Market Sentiment and Analyst Price Target
Investors in the homebuilders sector have exhibited stability leading into earnings, with share prices largely unchanged over the past month. SKY has gained 2.4% during this period and heads into earnings with an average analyst price target of $94.17, compared to its current value of $91.80.